| Zions Bancorporation Purchases a License under the Ronald A. Katz Technology Licensing, L.P. Patents
LOS ANGELES, BUSINESS WIRE -- Zions Bancorporation, one of the nation's premier financial services companies (NASDAQ:ZION) based in Salt Lake City, UT has purchased a license under the patent portfolio held by Ronald A. Katz Technology Licensing, L.P. and licensed through its affiliate, NNOVIA Replacement Battery for Quickcapture A2D
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');" onMouseOut="setTimeout('hideLayer()',500);" class=hotlink2>A2D, L.P. The nonexclusive license covers services offered by Zions in the "Financial Services Call Processing" Field of Use, including customer service provided via automated systems and live agents. The patents held by Ronald A. Katz Technology Licensing, L.P. cover a wide range of interactive technology including automated forms of: customer service, securities trading, prescription refill services, merchandising, prepaid services, telephone conferences, registration, home shopping, as well as functions involved in securing information from databases by telephone, interactive cable transactions, and various other uses of toll free and local numbers.
FTSE 100 closes at 6226.5
The FTSE 100 closed up 105.7 points at 6226.5, gaining nearly 2 per cent despite further falls from mortgage bank Northern Rock. The London market gained some late momentum from Wall Street, with the Dow Jones Industrial Average rising by more than 100 points in early trading. The gains on both sides of the Atlantic come after a dire day on Monday, with the FTSE dropping almost 3 per cent. It was a rough day for Northern Rock, down another 7 per cent, or 7.2p to 97p. However, the group rebounded from an earlier fall of as much as 40 per cent after news of an offer for the whole business from private equity firm JC Flowers. Elsewhere in the banking sector, Barclays - a recent heavy faller on fears over sub-prime mortgage losses - gained nearly 5 percent, or 25.25p, to 516.5p, Royal Bank of Scotland stood 8.5p higher at 412.5p, and Alliance & Leicester gained 12.5p to 594p.
Merrill Lynch comes to Russia
MOSCOW. (Anatoly Gorev for RIA Novosti) - Merrill Lynch, a major U.S. company in the financial services industry, recently announced that it has acquired about 10% of the Trust Banking Group. Analysts have called this deal a landmark for two reasons. First, new key player has emerged in the Russian market and, second, Merrill Lynch has come to Russia after sustaining heavy losses in the mortgage crisis in the United States and is probably looking for a quiet harbor. Not much is known about the deal. Two or three months ago, a Trust shareholder decided to quit and asked Merrill Lynch to sell his stock. It transpired that Merrill Lynch decided to buy the stock itself. The sum of the deal has not been disclosed but analysts believe that it is unlikely to be huge: in the third quarter the Trust assets went down and the bank moved from the 69th to 101st place in the rankings of the Interfax Center for Economic Analysis (Interfax-CEA).
Bank of Florida Trust Company Promotes Scott Kellett, J.D., as President
Bank of Florida Trust Company (Nasdaq:BOFL) recently announced that Scott Kellett, J.D., has been promoted to President of Bank of Florida Trust Company. Mr. Kellett previously served as President for the West Coast division overseeing client relationships and operations. With this promotion, his responsibilities have been expanded to include overseeing both the East and West Coast of Florida divisions. �Scott is a highly respected trust professional and strong leader. He skillfully combines investment expertise and knowledge of ever-changing tax laws, with a keen attention to serving his clients' current needs and reaching their future objectives. He is uniquely qualified to continue to build on the current and future successes of our company,�� said Julie Husler, Chief Executive Officer of Bank of Florida Trust Company.
Bahamas gets its feet wet in convention business
The Bahamas is only beginning to see a wave of convention business float its way as the result of a tax agreement allowing Americans to write off those trips. But it's exactly where that new business is flowing that has some concerned. "We have seen some business since the (tax agreement), but certainly not to the level we wanted or what Nassau hotels have," said Kirk Aulin, GM for The Cove Eleuthera, a 26-room luxury resort with on that Family Island. "I don't know that the tax advantages in coming to The Bahamas are being marketed as well as they could be, or if the meetings opportunities in the Out Islands are being marketed as well." Ministry of Tourism numbers may back him up. While Nassau/Paradise Island took in 75 percent of the country's business meetings last year with Grand Bahama claiming another 20- to 25-percent most of the remaining gigs went straight to one Family Island resort Exuma's Four Seasons.
Election recount under way
A dozen workers were on hand Monday morning as the Ashtabula County Board of Elections began double-checking the results of the Nov. 6 general election. Election recount under way By MARK TODD - Staff Writer - mtodd@starbeacon.com Star Beacon JEFFERSON — A dozen workers were on hand Monday morning as the Ashtabula County Board of Elections began double-checking the results of the Nov. 6 general election. .
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